Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
ِADIB - Auto Finance (STL) ِADIB - Auto Finance (STL) Minimum Salary: EGP 1,500 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 5 Years Flat Rate: 8.25% Reducing Rate: 14.85%
Murabaha car financing program to facilitate buying your new car.

Features & Benefits:
  • Finance tenor up to 5 years
  • Various programs that satisfy different market' segments
  • Finance up to EGP 500,000
  • Egyptians and foreign residents
  • Employed, self-employed and professionals
  • Age of applicants from 21 – 65 years old
Documents Required:
  • For Salaried Employees: HR letter clarifying job position, hiring date and monthly income*
  • For Self Employed Customers : Tax card and commercial register/ operation license and recent bank statement for the last six months
  • Application request form
  • Copy of national ID or passport copy with a valid residence visa (for Non Egyptians)
  • Car pro forma invoice
*Not required for 40%-50% down payment of car price program

Fees & Charges:
  • Admin Fees: 1.5%
  • Late Payment Fees: EGP 40
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator